2 weeks Ago By ABMN Staff
Rhumbline Advisers reduced its position in Pembina Pipeline Co. ( NYSE:PBA – Free Report ) (TSE:PPL) by 23.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 4,370 shares of the pipeline company’s stock after selling 1,305 shares during the quarter. Rhumbline Advisers’ holdings in Pembina Pipeline were worth $162,000 at the end of the most recent quarter. Other institutional investors have also made changes to their positions in the company.
Corient Private Wealth LLC raised its holdings in shares of Pembina Pipeline by 2.6% during the fourth quarter. Corient Private Wealth LLC now owns 36,514 shares of the pipeline company’s stock worth $1,263,000 after purchasing an additional 931 shares during the period.
Campbell & CO Investment Adviser LLC raised its stake in Pembina Pipeline by 45.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 27,969 shares of the pipeline company’s stock worth $963,000 after acquiring an additional 8,784 shares during the period.
Steward Partners Investment Solutions LLC bought a new position in Pembina Pipeline in the fourth quarter worth about $405,000. CIBC Asset Management Inc boosted its stake in Pembina Pipeline by 7.7% in the fourth quarter.
CIBC Asset Management Inc now owns 6,062,012 shares of the pipeline company’s stock valued at $209,376,000 after acquiring an additional 433,212 shares during the period. Finally, Capital World Investors bought a new position in shares of Pembina Pipeline during the fourth quarter valued at approximately $32,541,000. 55.
37% of the stock is currently owned by institutional investors. Analysts Set New Price Targets A number of research analysts recently issued reports on the company. UBS Group started coverage on Pembina Pipeline in a research report on Wednesday, September 11th.
They set a “neutral” rating for the company. Citigroup upped their price target on shares of Pembina Pipeline from $53.00 to $56.
00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.50.
Pembina Pipeline Price Performance Shares of Pembina Pipeline stock opened at $41.16 on Monday. The company has a debt-to-equity ratio of 0.
77, a current ratio of 0.68 and a quick ratio of 0.55.
Pembina Pipeline Co. has a 1-year low of $28.15 and a 1-year high of $41.
58. The business’s fifty day moving average price is $39.52 and its two-hundred day moving average price is $37.
39. The company has a market capitalization of $23.89 billion, a P/E ratio of 17.
90, a PEG ratio of 5.70 and a beta of 1.25.
Pembina Pipeline ( NYSE:PBA – Get Free Report ) (TSE:PPL) last released its earnings results on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.
54 by $0.21. The firm had revenue of $1.
36 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Pembina Pipeline had a net margin of 23.
50% and a return on equity of 13.68%. Pembina Pipeline’s quarterly revenue was up 30.
5% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS.
As a group, research analysts forecast that Pembina Pipeline Co. will post 2.42 EPS for the current year.
Pembina Pipeline Cuts Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $0.50 per share.
The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.
86%. Pembina Pipeline’s dividend payout ratio (DPR) is 88.70%.
Pembina Pipeline Company Profile ( Free Report ) Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.
9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America. Featured Articles Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter .
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